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23/02/2010
Jail Call Over Bank Crisis Blunders
The Governor of Ireland's Central Bank has advocated the jailing of the individuals responsible for the banking crisis in Ireland.
Prof Patrick Honohan made the surprise remark in Cavan yesterday when responding to a question from Fine Gael TD Joe McHugh who asked if he agreed with "the ordinary man in the street" who was "advocating that people should go to jail and heads should be on a plate as a result of this fiasco".
Prof Honohan said: "You don't go to jail for making mistakes, but you do – and I think should – go to jail for criminal acts, if they can be proven and if they are criminal acts that entail a jail sentence.
"So I have no hesitation about that. It's another matter as to whether it's easy to achieve convictions on highly complex matters, which are made highly complex in some cases in order to make convictions difficult to achieve."
At the British-Irish Parliamentary Assembly in Cavan yesterday, Fine Gael's Joe McHugh said bankers directly responsible for the financial crisis should be jailed.
"Five years ago it was an open secret that some sort of crash was imminent. Yet the banks continued to act irresponsibly.
"Those people who were formerly loan assessors became sales representatives. This country witnessed astonishing collusion at the highest level between bankers, regulators, property developers, and Government.
"Today, the thousands of ordinary people who foresaw the collapse are burdened with a massive public debt that will take generations to clear. These ordinary people want those responsible for the collapse to be put behind bars."
(DW/GK)
Prof Patrick Honohan made the surprise remark in Cavan yesterday when responding to a question from Fine Gael TD Joe McHugh who asked if he agreed with "the ordinary man in the street" who was "advocating that people should go to jail and heads should be on a plate as a result of this fiasco".
Prof Honohan said: "You don't go to jail for making mistakes, but you do – and I think should – go to jail for criminal acts, if they can be proven and if they are criminal acts that entail a jail sentence.
"So I have no hesitation about that. It's another matter as to whether it's easy to achieve convictions on highly complex matters, which are made highly complex in some cases in order to make convictions difficult to achieve."
At the British-Irish Parliamentary Assembly in Cavan yesterday, Fine Gael's Joe McHugh said bankers directly responsible for the financial crisis should be jailed.
"Five years ago it was an open secret that some sort of crash was imminent. Yet the banks continued to act irresponsibly.
"Those people who were formerly loan assessors became sales representatives. This country witnessed astonishing collusion at the highest level between bankers, regulators, property developers, and Government.
"Today, the thousands of ordinary people who foresaw the collapse are burdened with a massive public debt that will take generations to clear. These ordinary people want those responsible for the collapse to be put behind bars."
(DW/GK)
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27 August 2010
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
08 November 2002
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
29 May 2018
Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
